Coimbatore Credit Cards
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Looking for a Credit Card in Coimbatore? Compare various Credit Card offers online at BankBazaar.com for Coimbatore city

Coimbatore is the second largest urban agglomeration in Tamil Nadu. Its known as the Manchester of South India and its also the second largest software producer in the state. The city has a population of over 2 million, with a large Tamil speaking population. However, the city is famous for its cosmopolitan nature, as there are several people from nearby states of Kerala and Karnataka. The city is a huge metropolitan city spread over 250 kms of area. The city is home to more than 25,000 small and medium enterprises. The city has two special economic zones the Coimbatore Hi-Tech Infrastructure (CHIL) SEZ at Saravanampatti and the TIDEL Park near Peelamedu, and there are another half a dozen SEZs in the pipeline. In the year 2010, Coimbatore was rated as the 15th most suited city for business. The city is also the second largest software exporter in the state of Tamilnadu. The city has a huge population less than 30 years in age, who are employed in major software giants like Tata Consultancy Services, Cognizant Technology Systems, Dell, Wipro etc In this upcoming city there is a huge population that could make use of the credit card schemes. Credit cards can help you retain your routine even when you are short on finances. They give you time to sort out your finances before you affected by your problems.

Credit card system is one where the banks allot you a certain amount of money which belongs to the bank into your account, which you can use throughout the month. At the end of the month a bill is generated for the amount utilized by you from the credited amount. You are required to pay off your bill along with a particular interest on the amount used. What this does is that it allows you to use money even when you dont have any! These days, credit cards have become fancier and more attractive because that banks offer benefits like cash back, reward points, interest free credit and discounts when you make purchases from certain outlets.Another advantage is that you dont need to be carrying huge sums of money. Its easy to carry around and buying things is just a swipe away. When you make a purchase and produce the card to make the payment, the merchant swipes the card in a Point of Sale (POS) system. This action makes a call to the acquirer, which is a bank that collects all the swipes made by the merchant and guaranties him payment for them and generates a code that has to be typed in by the merchant. Once the code is keyed in, two slips containing details of the transaction are generated of which one copy lies with merchant and the other is given to you. The acquirer in turn checks for the validity and authenticity of the card swiped. The acquirer makes contact with your credit card bank and takes the purchase amount from your bank. The bank in turn sends you a bill at the end of the month. Get BankBazaar advantages when looking for credit card offers in Coimbatore

BankBazaar is your one- stop-guide to all the banks offering Credit Card facilities. You get to compare the various schemes offered by different banks, and apply for a credit card from one of our partner banks. You can apply for a credit card from ICICI Bank, HDFC Bank, Axis Bank, IndusInd Bank, Citibank or American Express Corporation on our website Bankbazaar.com. and choose the best deals for yourself in a hassle-free manner here at banks offering credit cards facilities in Coimbatore are

Axis Bank Credit Cards

HDFC Bank Credit Cards

CitiBank Credit Cards

ICICI Bank Credit Cards

FAQs

Who can get a Credit Card?

Anyone with a fixed income, aged above 21 & favourable CIBIL credit score of over 800 can get a credit card.

What will be my credit limit?

The credit limit will depend on various factors like your income, repayment, CIBIL score, etc. Your credit limit can be increased or decreased depending on your last years spending and repayment history

Can I get an Add-on card? And will there be a separate credit limit on the Add-on card?

Yes, you can get an Add-on card but, it will totally depend on the offers the credit card issuer is running at a given point of time. There will not be a separate credit limit for the add-on card.

What should I do if there is a fraud transaction on my credit card?

You should immediately inform your credit card issuer about the fraud transaction.

What should I do if my Credit card is lost or stolen?

If your credit card is lost or stolen inform your credit card issuer within 24 hours and block your card immediately for any fraudulent transactions. Ask your card issuer to send you a new card which generally gets delivered in 3-4 working days.

Which payment network credit cards are available in India?

Basically, Visa, MasterCard and American Express are three popular payment networks available in India. Payment Networks are not credit card issuers your credit card is issued by banks or other financial institutes.

What is a grace period?

A grace period is interest free period for you to pay your credit card balance in full without any interest rate charges. The grace period is calculated based on your billing cycle and not from the date of the transaction.

Will there be any joining fees for credit card?

Most credit card issuers do not charge you any joining fees. Some may charge you but they might reverse those charges in your first credit card statement.

Is there any annual fee associated with credit cards?

Most issuers waive off annual fee for the first year and then charge a minimum amount of Rs. 500 as annual fee.

What is the interest rate/finance charge for credit cards?

The finance charges will wary for each card issuer and type of card like Platinum, Gold, Titanium or any special credit card. Generally credit card interest rates start at 2.5% per month (30% per annum) to 3.75% per month (45% per annum).

Will there be an overdue penalty or late payment fee?

Yes, every card issuer will charge you a late payment fee ranging from Rs 300 to Rs 600.

Will there be a separate charge for foreign currency transactions on my credit card?

Yes, every card issuer will charge you some percentage of the transaction value for the foreign currency transactions. It is generally around 3.5% of the transaction value.

Standing Instructions: If you have bank account with your card issuing bank then you can give standing instructions to directly debit the minimum amount due or full payment due for your monthly credit card payment.

National Electronic Funds Transfer (NEFT): Transfer funds from any other bank account to make your card payments.

Drop Box Option: You can also drop a local cheque, payable to bank card A/c followed by your card number, at any drop box located in ATMs and branches of your card issuer.

Over the counter: You can pay directly by visiting your card issuing bank and make the cash payment for your credit card outstanding.

Credit Card Eligibility and Documentation

Card holder should be in the age bracket of 18 years to 70 years.

Should have a fixed monthly income.

Should have a good CIBIL credit score.

Documents required for Credit Card:

Pan Card Photocopy OR Form 60

Latest Salary Slip, Form 16, Income Tax return copy as income proof

Passport, driving license, ration card, etc. for residence proof.

Features & Benefits of Credit Cards

To fulfill dreams which cant wait, apply for credit cards and live your dreams.